Somewhat Favorable News Coverage Somewhat Unlikely to Impact Carrols Restaurant Group (TAST) Stock Price
Press coverage about Carrols Restaurant Group (NASDAQ:TAST) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Carrols Restaurant Group earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the restaurant operator an impact score of 46.1196253592631 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several research firms recently issued reports on TAST. Zacks Investment Research raised Carrols Restaurant Group from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday. ValuEngine lowered Carrols Restaurant Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Raymond James Financial reaffirmed an “outperform” rating and set a $15.50 price target on shares of Carrols Restaurant Group in a research note on Tuesday, September 26th. UBS lowered Carrols Restaurant Group from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, September 26th. Finally, Citigroup lifted their price target on Carrols Restaurant Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, November 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Carrols Restaurant Group has an average rating of “Buy” and a consensus price target of $15.25.
Shares of Carrols Restaurant Group (NASDAQ TAST) opened at $12.70 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.85 and a current ratio of 0.95. Carrols Restaurant Group has a 52 week low of $9.90 and a 52 week high of $17.55. The stock has a market capitalization of $457.41, a PE ratio of 105.42, a price-to-earnings-growth ratio of 4.74 and a beta of 0.18.
Carrols Restaurant Group (NASDAQ:TAST) last issued its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.03). Carrols Restaurant Group had a return on equity of 4.61% and a net margin of 3.13%. The firm had revenue of $258.24 million for the quarter, compared to the consensus estimate of $277.00 million. During the same period last year, the firm earned $0.13 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. sell-side analysts forecast that Carrols Restaurant Group will post 0.13 EPS for the current year.
In other news, CEO Daniel T. Accordino sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $13.06, for a total value of $653,000.00. Following the completion of the sale, the chief executive officer now owns 1,147,860 shares of the company’s stock, valued at approximately $14,991,051.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP William E. Myers sold 6,400 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $12.96, for a total value of $82,944.00. Following the completion of the sale, the vice president now directly owns 77,049 shares of the company’s stock, valued at approximately $998,555.04. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.
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About Carrols Restaurant Group
Carrols Restaurant Group, Inc is a holding company and conducts all of its operations through its subsidiary, Carrols Corporation (Carrols) and Carrols’ subsidiary, Carrols LLC. The Company is a restaurant company and Burger King franchisee in the United States. As of January 1, 2017, the Company had owned and operated 753 Burger King restaurants under the name Burger King in 16 Northeastern, Midwestern and Southeastern states.
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